UDR, Inc. (NYSE:UDR) Receives $42.82 Average Price Target from Analysts

Shares of UDR, Inc. (NYSE:UDR) have been assigned an average rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $43.67.

UDR has been the topic of a number of analyst reports. Royal Bank of Canada lowered their target price on UDR from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on UDR in a report on Wednesday, September 4th. They set a “sell” rating and a $42.00 price objective on the stock. BNP Paribas began coverage on UDR in a report on Wednesday. They set an “outperform” rating and a $49.00 price objective on the stock. Evercore ISI raised their price objective on UDR from $42.00 to $43.00 and gave the stock an “in-line” rating in a report on Monday. Finally, Mizuho raised their price objective on UDR from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new position in UDR in the second quarter valued at about $26,000. Principal Securities Inc. purchased a new position in UDR in the fourth quarter valued at about $26,000. Fidelis Capital Partners LLC purchased a new position in UDR in the first quarter valued at about $26,000. Quest Partners LLC purchased a new position in UDR in the fourth quarter valued at about $27,000. Finally, UMB Bank n.a. purchased a new position in UDR in the second quarter valued at about $33,000. 97.84% of the stock is owned by hedge funds and other institutional investors.

UDR Price Performance

Shares of NYSE:UDR opened at $46.55 on Friday. The business’s fifty day moving average price is $42.25 and its two-hundred day moving average price is $39.61. The stock has a market cap of $15.35 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 10.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 5.82 and a current ratio of 5.82. UDR has a one year low of $30.95 and a one year high of $46.64.

UDR (NYSE:UDR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.53). The company had revenue of $415.30 million for the quarter, compared to analyst estimates of $413.75 million. UDR had a net margin of 8.34% and a return on equity of 3.70%. UDR’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, analysts forecast that UDR will post 2.46 EPS for the current fiscal year.

About UDR

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.